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Another Day in Paradise

Phil Collins addresses a perpetual social issue in this song. While it might not at first seem like an economic issue, the reaction to homelessness centers around some basic economic questions: how do we use our resources to combat it, and what are the incentives being created with public policy? While we would like to eliminate homelessness, the opportunity cost might just be too high.

Phil Collins addresses a perpetual social issue in this song. While it might not at first seem like an economic issue, the reaction to homelessness centers around some basic economic questions: how do we use our resources to combat it, and what are the incentives being created with public policy? While we would like to eliminate homelessness, the opportunity cost might just be too high.